Owning a hotel, B&B or guest house can be a lucrative investment, but it does take time and commitment to become a success. There are a lot of financial and practical factors that you should consider before you make the leap. We’re here to offer advice and guidance throughout your business venture and ensure that you have all the support you need, particularly when it comes to sourcing hotel or guest house finance to get your business off the ground. Continue reading “Things to consider when opening a hotel”
Author: Carol Jones
A bright future for B&B investment lies ahead
It is currently a great time to enter the hospitality sector. The forecast for the year ahead is positive, with experts throughout the industry predicting continued success for hotels, guest houses and B&Bs. The continued stability of the sector forecasts high transaction numbers for the remainder of the year. Investment in the hospitality trade accounted for over 35% of European transaction volumes last year, which highlights the fact that hotels and B&B businesses have evolved into an integral aspect of a diverse property portfolio. Continue reading “A bright future for B&B investment lies ahead”
Get started in the equestrian sector
When starting an equestrian business, such as stables or a riding school, you need professional assistance with sourcing the right equestrian funding. We specialise in all aspects of business funding for the equestrian and hospitality sectors and we can provide you with the financial services required to make your dream a reality. Continue reading “Get started in the equestrian sector”
Overcoming the stricter rules in the lending industry
The global financial crisis was felt across all industries all around the world. The hotel sector was no different, with many investors experiencing a very difficult time. However, there was light at the end of the tunnel, and 2014 proved to be a far better year. The crisis also brought about a change in the financial landscape as lenders and investors looked to protect themselves more effectively in the future. Rather than lending based on property alone, they are now looking more at the business side of things and ensuring that enterprises will be able to maintain their cash flow and service their debt. Continue reading “Overcoming the stricter rules in the lending industry”
Are you are thinking of selling your Bed & Breakfast business?
Many people when thinking of retirement decide to operate their business at a reduced level before selling it. This is not something we would recommend if you want to get the best price for your business. When valuing a business the valuers and lenders will look at the last three years of trading accounts and if turnover has been reducing it represents a business in decline rather than a viable concern. Valuers and lenders will consider the bricks and mortar value of the concern and then add on the value of the business to come to a market valuation.
If you can continue to trade your business to its potential you will achieve the best possible valuation for it which in turn gives you the best chance of achieving your guide price. We have had several cases where clients have been wanting to buy a concern but have had difficulty in raising the finance due to the trading figures, lenders are aware that a lot of people deliberately trade under the VAT threshold and will take this into consideration when looking at borderline deals.
If you are thinking of selling your business please call us to discuss how we can help you. We can in some instances arrange a line of credit for your potential purchasers.
Mis-selling Could Affect You!
Forest How Guest House is situated in the beautiful Eskdale valley in Cumbria. It sits within 5 acres of countryside and provides guests with a natural wildlife show daily. You can often share your breakfast with red squirrel, deer and a host of different birds!
Avoiding financial crisis with restructuring
In the business world, the only constant is change. Every company needs to adapt to changes in order to remain relevant and to prevent their products and services from becoming obsolete. It is important for all businesses to experiment with new services, explore new markets and consistently strive to reach new customers. Continue reading “Avoiding financial crisis with restructuring”
Providing accomplished accountancy support
Along with providing help with finance applications for the leisure and hospitality industry, we also offer specialist accountancy services. Financial peace of mind is something that every business owner desires, and we advise our clients that the key to the security they seek is in financial forecasting. We have a successful record of helping our clients with every aspect of their hotel, leisure or guest house finance, whether it is crucial planning or efficient management of your monthly cash flow forecast. Continue reading “Providing accomplished accountancy support”
Simple finance for your public house business
For many, owning a public house is a dream, but few are able to pursue it as far as becoming reality. The UK pub industry is an extremely competitive one and a lot of planning is required to ensure that your venture will be a success. Possibly one of the first things that you should think about when considering beginning a career in the public house sector is finding a mortgage. At Stewart Hindley we’re proud to deliver a comprehensive service assisting our clients with pub funding, business loans and bed and breakfast finance, covering the property itself but the licence, fixtures, fittings, and all other important aspects. Continue reading “Simple finance for your public house business”
Securing financial support for new equestrian businesses
There is high demand from the equine communities throughout the UK for expertly managed businesses that serve their specific needs. Equestrianism is an immensely popular and healthy activity that is suitable for people of all ages. It is a diverse and family friendly sport that ranges from amateur and community participation to nationwide competition. The equine industry covers everything that relates to horses, ponies and donkeys. There are a varied range of equine related businesses, such as riding schools, livery yards, and trekking centres, to name just a few. Continue reading “Securing financial support for new equestrian businesses”
